Tech/IT business insurance averages $46 monthly, with costs ranging from $24 to $38 based on coverage and location factors.
Get matched with cheap tech/it business insurance below.
Updated: October 14, 2025
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Tech/IT business insurance costs range from $283 to $454 annually on average, varying by coverage type, state and sub-industry.
Your Tech/IT insurance premiums depend on location, claims history and employee count when insurers calculate rates.
Shop multiple business insurers, bundle policies, increase deductibles and pay annually to find affordable Tech/IT business insurance costs.
We found average business insurance costs for Tech/IT companies for commonly needed coverage are as follows:
| BOP | $32 | $386 |
| General Liability | $27 | $320 |
| Professional Liability (E&O) | $98 | $1,179 |
| Workers' Comp | $27 | $328 |
Note: We based these rates on small businesses with two employees across 79 major industries, focusing on four coverage types: general liability, professional liability/errors and omissions (E&O), workers' comp and business owner's policy. Your actual rates will vary based on your specific business factors and location.
Select your industry and state to get a customized quote.
Your Tech/IT business cost for general liability insurance varies by location. Maine delivers the best value at $23 monthly, well below the $27 national average. Hawaii runs $32 monthly, providing clear benchmarks for your budget planning.
| Alabama | $26 | $312 |
| Alaska | $28 | $330 |
| Arizona | $25 | $302 |
| Arkansas | $25 | $305 |
| California | $30 | $354 |
| Colorado | $26 | $316 |
| Connecticut | $29 | $346 |
| Delaware | $28 | $341 |
| Florida | $29 | $344 |
| Georgia | $27 | $323 |
| Hawaii | $32 | $384 |
| Idaho | $25 | $302 |
| Illinois | $29 | $349 |
| Indiana | $26 | $311 |
| Iowa | $25 | $303 |
| Kansas | $26 | $309 |
| Kentucky | $25 | $296 |
| Louisiana | $32 | $380 |
| Maine | $23 | $276 |
| Maryland | $25 | $304 |
| Massachusetts | $28 | $334 |
| Michigan | $25 | $301 |
| Minnesota | $25 | $299 |
| Mississippi | $27 | $320 |
| Missouri | $26 | $314 |
| Montana | $26 | $317 |
| Nebraska | $25 | $301 |
| Nevada | $30 | $361 |
| New Hampshire | $26 | $317 |
| New Jersey | $30 | $360 |
| New Mexico | $27 | $320 |
| New York | $31 | $369 |
| North Carolina | $23 | $276 |
| North Dakota | $23 | $276 |
| Ohio | $25 | $295 |
| Oklahoma | $26 | $308 |
| Oregon | $25 | $296 |
| Pennsylvania | $31 | $366 |
| Rhode Island | $29 | $350 |
| South Carolina | $27 | $328 |
| South Dakota | $25 | $298 |
| Tennessee | $26 | $311 |
| Texas | $27 | $321 |
| Utah | $25 | $304 |
| Vermont | $25 | $306 |
| Virginia | $24 | $290 |
| Washington | $30 | $362 |
| West Virginia | $28 | $334 |
| Wisconsin | $26 | $312 |
| Wyoming | $25 | $294 |
Note: We based these general liability rates on tech/it businesses with two employees across different states. Your rates will vary based on your location, claims history and the services you offer.
The cost of workers' compensation insurance for Tech/IT businesses differs across states. North Carolina provides the most affordable option at $24 monthly, while Pennsylvania costs $32 monthly. Our analysis shows that state regulations and claim histories drive these pricing differences.
| Alabama | $27 |
| Alaska | $25 |
| Arizona | $26 |
| Arkansas | $26 |
| California | $30 |
| Colorado | $27 |
| Connecticut | $30 |
| Delaware | $29 |
| Florida | $29 |
| Georgia | $28 |
| Hawaii | $29 |
| Idaho | $26 |
| Illinois | $30 |
| Indiana | $27 |
| Iowa | $26 |
| Kansas | $26 |
| Kentucky | $26 |
| Louisiana | $31 |
| Maine | $24 |
| Maryland | $26 |
| Massachusetts | $29 |
| Michigan | $26 |
| Minnesota | $25 |
| Mississippi | $28 |
| Missouri | $27 |
| Montana | $27 |
| Nebraska | $26 |
| Nevada | $31 |
| New Hampshire | $27 |
| New Jersey | $31 |
| New Mexico | $27 |
| New York | $32 |
| North Carolina | $24 |
| Oklahoma | $25 |
| Oregon | $25 |
| Pennsylvania | $32 |
| Rhode Island | $30 |
| South Carolina | $28 |
| South Dakota | $25 |
| Tennessee | $27 |
| Texas | $28 |
| Utah | $26 |
| Vermont | $26 |
| Virginia | $25 |
| West Virginia | $29 |
| Wisconsin | $27 |
Note: We based these workers' comp rates on tech/it businesses with two employees across different states. Your workers' comp requirements and costs will vary by state since each has different regulations.
Your professional liability cost varies by state. Businesses pay $98 monthly on average nationwide. North Carolina offers the most affordable rates at $85 monthly, while Pennsylvania ranks highest at $115 monthly.
| Alabama | $95 |
| Alaska | $89 |
| Arizona | $93 |
| Arkansas | $94 |
| California | $108 |
| Colorado | $96 |
| Connecticut | $105 |
| Delaware | $106 |
| Florida | $105 |
| Georgia | $101 |
| Hawaii | $103 |
| Idaho | $93 |
| Illinois | $109 |
| Indiana | $96 |
| Iowa | $92 |
| Kansas | $98 |
| Kentucky | $92 |
| Louisiana | $109 |
| Maine | $87 |
| Maryland | $93 |
| Massachusetts | $104 |
| Michigan | $93 |
| Minnesota | $92 |
| Mississippi | $99 |
| Missouri | $97 |
| Montana | $97 |
| Nebraska | $93 |
| Nevada | $112 |
| New Hampshire | $99 |
| New Jersey | $112 |
| New Mexico | $99 |
| New York | $113 |
| North Carolina | $85 |
| North Dakota | $85 |
| Ohio | $90 |
| Oklahoma | $91 |
| Oregon | $92 |
| Pennsylvania | $115 |
| Rhode Island | $109 |
| South Carolina | $103 |
| South Dakota | $92 |
| Tennessee | $96 |
| Texas | $98 |
| Utah | $95 |
| Vermont | $95 |
| Virginia | $90 |
| Washington | $110 |
| West Virginia | $105 |
| Wisconsin | $96 |
| Wyoming | $93 |
Note: We based these professional liability rates on tech/it businesses with two employees across different states. Your actual rates will depend on your services offered and location.
Tech/IT business insurance costs vary based on your state, with business owner's policy (BOP) coverage showing the most dramatic differences. BOP insurance cost ranges from just $28 monthly in Maine to $38 in New York for the same coverage level.
| Alabama | $32 |
| Alaska | $30 |
| Arizona | $30 |
| Arkansas | $31 |
| California | $36 |
| Colorado | $32 |
| Connecticut | $35 |
| Delaware | $35 |
| Florida | $34 |
| Georgia | $32 |
| Hawaii | $34 |
| Idaho | $30 |
| Illinois | $35 |
| Indiana | $32 |
| Iowa | $30 |
| Kansas | $31 |
| Kentucky | $29 |
| Louisiana | $36 |
| Maine | $28 |
| Maryland | $30 |
| Massachusetts | $34 |
| Michigan | $31 |
| Minnesota | $30 |
| Mississippi | $32 |
| Missouri | $32 |
| Montana | $32 |
| Nebraska | $31 |
| Nevada | $37 |
| New Hampshire | $32 |
| New Jersey | $37 |
| New Mexico | $32 |
| New York | $38 |
| North Carolina | $28 |
| North Dakota | $28 |
| Ohio | $30 |
| Oklahoma | $31 |
| Oregon | $30 |
| Pennsylvania | $36 |
| Rhode Island | $36 |
| South Carolina | $33 |
| South Dakota | $31 |
| Tennessee | $31 |
| Texas | $32 |
| Utah | $30 |
| Vermont | $31 |
| Virginia | $30 |
| Washington | $36 |
| West Virginia | $34 |
| Wisconsin | $32 |
| Wyoming | $29 |
Note: We based these BOP rates on tech/it businesses with two employees across different states. Your actual rates will vary based on your business size, location, and coverage needs.
Tech/IT business insurance costs vary widely by provider, ranging from $39 per month with The Hartford to $59 monthly with Thimble. These price differences reflect each insurer's market focus and risk assessment strategies, which shift over time based on profitability and coverage expansion opportunities.
| Chubb | $53 | $638 |
| Coverdash | $53 | $635 |
| Hiscox | $46 | $551 |
| NEXT Insurance | $39 | $472 |
| Nationwide | $47 | $558 |
| Progressive Commercial | $43 | $522 |
| Simply Business | $44 | $524 |
| The Hartford | $39 | $462 |
| Thimble | $59 | $707 |
| biBERK | $42 | $508 |
For tech/it business industry types, their insurance can cost anywhere between $13 to $106 monthly depending on the coverage type chosen. Below you can review costs by tech sub-industry:
| Computer Repair | $67 | $806 |
| Drone | $25 | $297 |
| Software | $30 | $363 |
| Startup | $43 | $510 |
Tech and IT business insurance costs depend on multiple factors insurers review when setting your premium rates.
Operating from tech hubs means competing for talent while paying premium rates for everything including insurance. Companies based in San Francisco or Seattle face different cost structures than those building distributed teams from lower-cost regions.
Network breaches and system failures create expensive professional liability situations for IT firms. Prior incidents involving client data loss, downtime or security compromises will increase your errors-and-omissions premiums going forward.
Tech workers enjoy relatively safe office environments, keeping workers' comp modest. Growing teams do face increased employment practices liability as workplace disputes, wrongful termination claims and discrimination allegations become more probable.
Providing basic help desk support or hardware installation carries straightforward risk profiles. Firms managing enterprise networks, cloud infrastructure or cybersecurity face elevated exposure since failures can cripple client operations entirely.
Client count and contract values signal your potential claim magnitude to underwriters. Solo consultants billing $80,000 annually operate at different risk scales than MSPs managing 50 clients and generating $600,000 in recurring revenue.
Tech errors-and-omissions and cyber liability form the foundation of IT company insurance. Many firms start with $1 million in coverage, though enterprise clients frequently demand $2-5 million in limits before granting network access or signing contracts.
Laptops, servers and testing equipment need basic property coverage for most IT businesses. Companies developing proprietary software, holding valuable patents or maintaining data centers require specialized coverage beyond standard commercial property policies.
Industry certifications like CISSP, vendor credentials from Microsoft or Cisco, and compliance frameworks demonstrate expertise. Firms maintaining documented security protocols, incident response plans and regular penetration testing qualify for improved cyber insurance terms.
Reducing your tech/it business insurance cost requires strategic shopping and our step-by-step guide to smart business practices. Here's how you can find cheap business insurance for your tech/IT business and build a better risk profile over time.
Tech and IT companies need professional liability (E&O) for service failures, network outages, and implementation errors causing client losses, cyber liability for data breaches and ransomware incidents, and general liability for basic business operations.
Add technology errors and omissions for system recommendations, media liability if you create digital content, employment practices liability once you hire staff and business interruption to replace revenue during cyber incidents or system failures.
IT insurance costs vary based on the services offered. Managed service providers face different risks than IT consultants, system integrators or cybersecurity firms. Technology-focused insurers understand service level agreements, uptime guarantees and the financial impact of system downtime better than general carriers.
Combining professional liability, cyber insurance, and general liability saves 16% to 25% compared to purchasing separately. Many insurers offer IT services packages that include media liability and technology E&O at reduced bundle rates.
Higher E&O deductibles of $5,000 to $15,000 can reduce premiums by 20% to 32%, but consider your largest client contracts and service agreements.
Monthly installment plans add 5% to 11% in processing fees, which on a $8,500 IT policy costs $425 to $935 extra annually. Paying upfront eliminates these charges and earns 6% to 9% discounts from technology carriers.
Review your policy whenever you hire technicians, add cloud services or managed security offerings, or take on enterprise clients requiring higher coverage limits. If you've obtained security certifications like CompTIA Security+ or ISO 27001, implemented incident response plans, or enhanced backup systems, these improvements can qualify for premium discounts.
Tech/IT business insurance costs range from $24 to $38 monthly, with your location, claims history and business size driving your actual premium. Getting quotes from multiple insurers, bundling your policies, choosing higher deductibles and paying annually instead of monthly helps you find more affordable rates.
Tech/IT business owners commonly ask about insurance costs. We answered the most frequent questions below:
General liability coverage is the cheapest at $27 monthly, protecting Tech/IT businesses from third-party lawsuits and property damage claims. Workers' compensation costs slightly more ($27 monthly) but only covers employee workplace injuries, making general liability the better foundational coverage choice.
You'll pay more in these states. General liability in California runs $30 monthly (vs. $27 national average), and BOP costs $36 monthly (vs. $32 average). New York is similar at $31 and $38, respectively.
Bundling delivers greater savings compared to purchasing individual policies. Insurance companies provide discounts when you combine general liability, commercial property and commercial auto coverage under a single carrier.
Higher premiums stem from multiple risk factors: storing valuable tech equipment, handling sensitive client data, facing cyber threats, working with specialized software, maintaining expensive hardware and operating in locations with elevated crime rates.
Higher deductibles reduce monthly premiums but increase your out-of-pocket costs per claim. Consider your available cash reserves and anticipated claim frequency when deciding.
Workers' compensation costs for Tech/IT businesses vary by state, spanning from $24 monthly in North Carolina to $32 monthly in Pennsylvania for location-based budgeting.
Yes, BOP insurance is worth it for Tech/IT companies. BOP costs $32 monthly and bundles general liability, commercial property, and business interruption coverage together. This bundled approach saves money compared to purchasing individual policies separately while offering greater convenience for busy technology businesses.
Shop annually when your policy renews. Compare quotes from three or more insurers to find savings, especially after adding staff or expanding your service offerings.
We collected tech/it business insurance quotes from companies across different states. For consistent comparisons, every quote used the same business setup:
We used a typical small tech/it business profile requiring comprehensive coverage. We chose companies offering broad national coverage and online quote capabilities, prioritizing insurers that serve the tech/it industry.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
